Yep, I'm the dilectric grease Nazi....
As for the brake specific grease, that's exactly what I use. It's designed also be used on the brake piston seals (if doing a full brake rebuild). For pins, backs of pads, etc, no problem, very sticky stuff and won't fling off. I have used it in this manner however, when I just rebuilt the front 4 piston pots on my 07(orginal seals), I did
not use it on the seals/pistons themselves. It does work very well but also likes to catch and hold grime as just as well. I put the pistons back in with
just new brake fluid and so far, just with the new rubber seals, I have about 3 free spins by hand. So I'm very happy NOT using the grease on the piston seals (at least as of now).
BTW, Yamaha does recommend replacing the brake caliper seals every TWO YEARS. Between my old 2004 FJR and my current FZ (same exact calipers), I've found you can get between 4-5 years in the real world before having to change the seals. They do harden up with time and don't release the pads fully as the new seals do... Count on having an air compressor when re-building the calipers as the pistons DO LIKE TO STICK in their holes...
IMHO, if your getting less than .5 turn,
free spinning the front wheel by hand, your about due for new brake seals. They are definitly dragging too much, AND prematurly wearing down your pads, killing mileage, etc...
Also make sure the pistons are as clean as possible (brake cleaner) before pushing them back in the calipers... On the fronts, where there isn't as much room as the rear caliper, I've found a "vise grip" style, "C" style end (with a pad on one end to prevent scratching the outside of the caliper) works well for pushing pistons back in. Fits nicely with hole in the piston and you can literally feel the movement of the piston back in..
You could even clean the pistons, put them back on the forks WITH THE PADS, then use a flat screwdriver between the pads and the disc to push the pistons back in. It usually works unless you have a really stuck piston...
And the front SS retainer does have an "arrow" imprinted on it that should face forward (and be visable) if properly installed..